It wasn’t terribly difficult to write the boilerplate copy headed into the weekend. Just days
Category: Markets
Wall Street Versus Main Street (Again)
It’s scarcely worth mentioning on a Friday in June (“If a tree falls in the
The Things People Worry About
You’ve heard it before. And you’ll surely hear it again. “Higher inflation, hawkish central banks
Benign Data Brings Rare Downside Inflation Surprise
Personal incomes fell less than expected in May, while spending was unchanged, government data showed
Did You Enjoy The Infrastructure Charade?
I’ve repeatedly suggested that a truly transformational infrastructure initiative that addresses America’s multitudinous (and multiplying)
Epic Property Bubble Stuns ‘Man And Beast’ Alike, Albert Edwards Says
On Thursday morning, I set about highlighting the latest from SocGen’s Albert Edwards, but I
Jay Powell: Unlikely ‘Victim’
SocGen’s Albert Edwards doubts the Fed will ever be able to normalize policy. I doubt
Claims And The Unemployment Benefits Conundrum
For the second week in a row, jobless claims disappointed. 411,000 Americans filed for unemployment
Analysts Surprised Americans Can’t Afford $400,000 Homes
In news that probably shouldn’t surprise anyone, new home sales fell a second month in
‘Very Hot’ US Economy Seen Pushing Limits In June
The US services sector cooled in June, the initial read on IHS Markit’s survey for
Boring Data
“The eurozone economy is booming,” IHS Markit’s Chief Business Economist, Chris Williamson, said Wednesday, in
Nihilistic Parody
The Fed won’t raise rates preemptively, Jerome Powell told US lawmakers Tuesday, testifying before the
Connecting Dots. Literally
Almost without exception, the nearly half-decade (and it’s hard to believe it’s been that long)
Keep The FAITh
Late Monday evening, while beating back mosquitoes and trying to avoid eye contact with a
‘Simply Squeezed’: Surging Prices Finally Bite US Housing
Existing home sales fell again in May, even as the pace was a marginal beat
JPMorgan: Fed’s Hawkish Surprise ‘Not A Game Changer’
The June Fed “isn’t a game changer.” That, in a nutshell, is how JPMorgan sees
And The Lego People Screamed
“We think the 20bps flattening in the curve since the Fed looks extreme and was
Ray Dalio’s Fed Take And Markets As Functioning Alcoholics
“It’s easy to say that the Fed should tighten. And I think that they should,”
‘Very Good Moves,’ Very ‘Excited’ People
Jim Bullard did some talking on Friday and markets weren’t amused. He did some more
McElligott On What The ‘Fed Put World Order’ Hath Wrought
Over the weekend, I talked a bit (ok, a lot) about the prospect of the
Plunge Protection And Policy Errors
The BoJ bought ETFs for the first time in two months on Monday, as Japanese
The Dollar Post-Fed Pivot (And Other Musings)
I guess I don’t have to say this, but the dollar is poised to be
The Week After
A relative paucity of data during the first half of the new week will leave
The Lollipop Emoji
Somehow, I feel it’s necessary to reiterate the general thrust of “Too Far Gone,” an
Who Wants These Stocks?
2021’s stock-buying bonanza took what counted as a break during the first full week of
Too Far Gone
I still think it’s a wild stretch to suggest that the Fed’s hawkish tilt at
A One-Eighty
Neel Kashkari is opposed to rate hikes “at least” through 2023, headlines read late Friday.
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